Increasing government regulations for clean drinking water coupled with development in water desalination industry are expected to provide potential opportunities for industry.
In 2019, The global reverse osmosis (RO) membrane market size surpassed USD 2.50 billion. In addition, it is projected to gather a CAGR of above 12% over the forecast years 2020-2028. Growing residential and commercial construction activities followed by government initiatives to strengthen industrial sector in Asia Pacific and Middle East & Africa are expected to open new avenues for RO membrane technology. The potential of reverse osmosis membranes to remove dissolved impurities and unfilterable molecules makes them ideal for use in a wide variety of end-user applications.
The report outlines the various aspects of the global reverse osmosis (RO) membrane industry by analyzing the market from global water treatment statistics, global desalination plants development, technological advancement in reverse osmosis membrane, porter’s five forces analysis, PESTEL analysis, and value chain analysis. Moreover, the reverse osmosis (RO) membrane market report comprises qualitative content such as market barriers, important market drivers, and opportunities. Furthermore, the report provides competitive landscape of the market through company profiling.
In terms of geography, the global reverse osmosis (RO) membrane market is dominated by Asia Pacific and Middle East & Africa in 2019. The North America desalination market is witnessing a considerable take off since large facilities intended for potable water supply are under planning or development. Desalination grew considerably owing to decline in cost, improved technology, and decreasing supplies of water in the face of intensified demand, according to several R&D activities, government officials and local water managers. This in turns is expected to open new opportunities for reverse osmosis (RO) membrane market over the coming years.
Leading companies engaged in reverse osmosis (RO) membrane market are Seaps, Toray Industries, Inc., Transfilm, LG Chem, Keensen, Hydranautics, Vontron, Dow Water & Process Solutions, Recsun, Membranium, Toyobo Co., Ltd., Trisep Corporation, LANXESS AG, GE Water & Process Technologies, and Trisep Corporation. Key companies present in the market are adopting new product development, technological advancement, research & development, investment, merger & acquisition, and partnerships to form strategies in order to stay competitive in the industry and strengthen their distribution network in order to increase their customer base.
In April 2018, Kuwait’s Ministry of Electricity and Water signed two agreements, worth USD 141 million that are aimed at boosting the country’s power supply sector in the future. In support of this news, the country’s Minister of Oil, Al-Rashidi revealed that nearly 76% of the construction operations of a reverse osmosis desalination plant has been completed. The minister further stated that, this RO desalination facility located at the Doha West power plant, will be in service by November 2018 and produce 60 million gallons of water per day.
As per a news article published in The Leader Newspaper Online magazine in March 2018, the Agriculture and Environment Minister of Spain, Isabel García Tejerina, announced the government plans of tripling the production capacity of the Torrevieja desalination plant to a total of 360,000 cubic meters per day. At present, the actual production capacity of this RO based plant is 135,000 cubic meters per day, which has been commissioned by Acciona Agua.
Key Segments of the Global Reverse Osmosis (RO) Membrane Market
Filter Module Overview, 2018-2028 (USD Billion)
- Plate & Frame
- Tubular-Shaped Membranes
- Spiral-Wound Membranes
- Hollow-Fiber Membrane
Application Overview, 2018-2028 (USD Billion)
- Desalination System
- RO Purification System
- Medical Devices and Diagnostic
Material Overview, 2018-2028 (USD Billion)
- Cellulose-Based Membranes
- Thin Film Composite Membranes
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America